Milind (Engineer) 31 January 2015
Hello,
My mother is gifting me (thru gift deed)
1 jewellery (worth 7 lakhs)
2. Share in Demat form valued above 10Lakhs
My query:
- Will she need to pay stamp duty for both 1 and 2 and if so what will be the rate if in maharashtra
- Also should both the gift deeds be registered ?
thanks
milind
Dr J C Vashista (Advocate) 01 February 2015
Yes both are to be registered. Consult and engage a local lawyer.
T. Kalaiselvan, Advocate (Advocate) 02 February 2015
The gift deed executed should be registered as far as the conveyance/transfer of the immovable properties are concerned, it may not be so for the jewels or cash or share certificates.
jack (nothing) 05 February 2015
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